The more successful capitalists are in cutting their wage costs, the less money workers will have to buy back what those same capitalists produce. It's a contradiction.
Richard D. WolffMoving to a cooperatively organized enterprise is one of the best ways to really do something about unequal distribution of wealth.
Richard D. WolffNothing would more quickly and definitively reduce U.S. income inequality than allowing every worker in all businesses to participate in deciding the range of incomes from one worker to another. They would never do what is now a matter of normality: give one person millions, in some cases billions, while others have barely enough to make a living.
Richard D. WolffIf you lived with a roommate as unstable as this economic system, you would’ve moved out or demanded that your roommate get professional help.
Richard D. Wolff